American National Registered Investment Advisor Inc. Maintains Position in Wal-Mart Stores, Inc. (WMT)
American National Registered Investment Advisor Inc. held its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, Holdings Channel reports. The institutional investor owned 20,383 shares of the retailer’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Wal-Mart Stores were worth $1,543,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WMT. TrimTabs Asset Management LLC boosted its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. boosted its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the period. Paragon Capital Management Ltd bought a new stake in Wal-Mart Stores during the first quarter valued at approximately $201,000. High Point Bank & Trust Co. boosted its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock valued at $136,000 after buying an additional 820 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares during the period. Institutional investors own 30.15% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 75.87 on Thursday. The firm’s 50-day moving average price is $76.76 and its 200 day moving average price is $72.85. The company has a market cap of $228.71 billion, a P/E ratio of 17.23 and a beta of 0.28. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $80.47.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. Wal-Mart Stores’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. On average, equities analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
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Several research analysts have issued reports on WMT shares. Sanford C. Bernstein reiterated a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reiterated a “neutral” rating and issued a $80.00 price objective (up previously from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. BidaskClub cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $71.15 price objective for the company in a research report on Monday, July 10th. Finally, Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $78.11.
In other news, major shareholder Alice L. Walton sold 3,221,265 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $79.54, for a total value of $256,219,418.10. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $536,782,053.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock worth $1,816,131,604 over the last quarter. Corporate insiders own 51.39% of the company’s stock.
Wal-Mart Stores Company Profile
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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